Dollar General NNN Retail
For Sale
Contact for pricing
103 N 37th Rd, Lake City, IA 51449
Build-to-suit Dollar General property on an absolute NNN structure with long-term remaining lease term.
Days on Market113
Property Features for 103 N 37th Rd
General Information
Standard status
Active
Property subtype
Retail
Additional Details
Road Access
Yes
Building Details
Year Built
2016
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Brett Baumgartner · License #TX 701324
Source:
Crexi
Added: Apr 11
Changed: Jul 22
Last Checked: Jul 23 at 3:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews
Investment Insights
Based on property information with market context.
This 2016 build-to-suit retail property is leased to Dollar General under an absolute NNN lease structure with zero landlord responsibilities. The initial lease term provides approximately 8.24 years remaining, and it includes five additional five-year renewal options with 10% rent increases. The lease is corporately guaranteed by Dollar General Corporation.
The property is located on a main thoroughfare in Lake City, Iowa.
From an operational standpoint, the asset is purpose-built for Dollar General and is supported by a fully corporate-guaranteed tenant commitment within the described NNN framework.
The property is located on a main thoroughfare in Lake City, Iowa.
From an operational standpoint, the asset is purpose-built for Dollar General and is supported by a fully corporate-guaranteed tenant commitment within the described NNN framework.
Key Highlights
- 2016 build‑to‑suit Dollar General property on an absolute NNN lease structure
- Remaining lease term of 8.24 years on an initial 15‑year lease
- Absolute NNN lease with zero landlord responsibilities
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
94
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Casey's General Store
Shops & Services
5,116 visits/mo
0.5 miles
Dollar General
Shops & Services
3,653 visits/mo
0.3 miles
FedEx Office Print & Ship Center
Shops & Services
761 visits/mo
0.3 miles
Demographics for 51449, IA
2,098
Population
910
Households
2.3
Avg Household Size
48
Median Age
18%
College-Educated
94%
High-School Grad
89.7 sq mi
ZIP Area
23
Density / Sq Mi
$66,750
Median Household Income
$41,150
Median Earnings
$761
Median Rent
$119,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Build-to-suit Dollar General property on an absolute NNN structure with long-term remaining lease term.
Where is this nnn property located?
The property is located at 103 N 37th Rd Lake City, IA.
What are key features of this property?
This property features: 2016 build‑to‑suit Dollar General property on an absolute NNN lease structure; Remaining lease term of 8.24 years on an initial 15‑year lease; Absolute NNN lease with zero landlord responsibilities
